Stocks, Commodities & Forex Trading

Forex Trading Strategies That Work

Fluctuations in exchange rates are usually caused by actual monetary flows as well as by expectations of changes in monetary flows caused by different factors.

As a forex trader, it is sometimes important to have a set of forex trading strategies that work. One of the forex trading strategies that work is

Long Term Breakout Trading

Because most major trends start from new market highs or lows, this is one of the simplest and most effective ways of trading, buying breakouts on the chart to new highs and selling new lows.

This strategy is best combined with the analysis of fundamental factors such as the change in interest rates, the balance of trade, money inflow or outflow to and from the country, etc.

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